3i to launch $400m technology fund

iDS Finance, a Singapore based financial portal, has become the first company to receive investment from a new $400m Asia Pacific technology fund launched by 3i today.

The Government of Singapore's $1bn Technopreneurship Investment Fund (TIF) is making its largest investment to date by placing $100m in the 3i Asia Pacific Technology Fund. The remaining $300m comes from a direct investment by 3i.